How much is homeowners insurance for a $200,000 house?

Typically, homeowners pay an annual average of $2,005 or $167 per month for homeowners insurance on a $200,000 house. Average house insurance cost varies not only based on the replacement cost of the home but also based on other factors like where the house is located; home insurance rates vary by state. 

Below, you’ll find the average cost of home insurance for a $200K house by state. These rates are based on coverage limits of $200,000 for the dwelling $300,000 of liability and a $1,000 deductible.

State $200,000 with $1,000 deductible and $300,000 liability
Alaska$1,355
Alabama$2,391
Arkansas$3,328
Arizona$1,906
California$1,043
Colorado$3,169
Connecticut$1,750
Washington, D.C.$984
Delaware$1,078
Florida$3,773
Georgia$1,760
Hawaii$461
Iowa$2,022
Idaho$1,476
Illinois$2,423
Indiana$2,313
Kansas$3,638
Kentucky$2,486
Louisiana$2,822
Massachusetts$1,303
Maryland$1,318
Maine$1,021
Michigan$1,825
Minnesota$1,828
Missouri$2,638
Mississippi$2,646
Montana$2,523
North Carolina$2,141
North Dakota$2,431
Nebraska$3,809
New Hampshire$948
New Jersey$1,171
New Mexico$1,829
Nevada$1,093
New York$1,340
Ohio$1,805
Oklahoma$4,442
Oregon$1,347
Pennsylvania$1,475
Rhode Island$1,505
South Carolina$2,061
South Dakota$2,607
Tennessee$2,369
Texas$2,951
Utah$1,416
Virginia$1,645
Vermont$974
Washington$1,260
Wisconsin$1,274
West Virginia$1,465
Wyoming$1,351
Data updated in 2024

What are the five cheapest states for homeowners insurance on a $200,000 home?

The five cheapest states to insure a home at $200,000 in dwelling coverage are Hawaii, New Hampshire, Vermont, Maine, and California. Washington, D.C., although not a state, is also among the cheapest. See each state's average annual premium

It's worth noting that home insurance costs less in these states overall, so homeowners insurance premiums there are generally affordable at any coverage level. That's a large part of why homeowners insurance on a 200k home is cheaper in these states.

How much is home insurance on a $200,000 house per month?

Based on the average annual rate of $2,005, the average cost of insurance per month for a $200K home is $167. 

To figure out your monthly budget, knowing the average home insurance cost per month is helpful. The easiest way to calculate your monthly home insurance cost is to divide the annual costs shown above by 12; however, there may be fees added to your premiums when you pay monthly.

It’s common to pay for your home insurance as part of your monthly mortgage payment. The mortgage company pays it annually from an escrow account and then charges you each month.

Homeowners insurance on a $200,000 home by company

Home insurance rates vary quite a bit by company, among other factors. What’s the cheapest home insurance company for $200,000 in dwelling coverage? Take a look at rates from some of the best home insurance companies below.

Company$200,000 with $1,000 Deductible and $300,000 Liability
Erie Insurance$1,583
State Farm$1,693
Allstate$1,740
Auto-Owners$1,741
USAA$1,921
American Family$1,976
Nationwide$2,028
Farmers$2,351
Progressive$2,438
Travelers$3,419
Data updated in 2024

Homeowners insurance on a $200,000 home by liability level

The amount of your dwelling coverage impacts on your rates more than how much liability you have, which means increasing your homeowners liability limits is a cheap way to get a lot more coverage. Take a look at the difference in rates with $100,000 or $300,000 in liability.

State $200,000 with $1,000 deductible and $100,000 liability $200,000 with $1,000 deductible and $300,000 liability
Alaska$1,342$1,355
Alabama$2,378$2,391
Arkansas$3,323$3,328
Arizona$1,887$1,906
California$1,026$1,043
Colorado$3,158$3,169
Connecticut$1,725$1,750
Washington, D.C.$970$984
Delaware$1,061$1,078
Florida$3,754$3,773
Georgia$1,747$1,760
Hawaii$441$461
Iowa$2,011$2,022
Idaho$1,466$1,476
Illinois$2,406$2,423
Indiana$2,293$2,313
Kansas$3,624$3,638
Kentucky$2,476$2,486
Louisiana$2,805$2,822
Massachusetts$1,286$1,303
Maryland$1,311$1,318
Maine$1,005$1,021
Michigan$1,809$1,825
Minnesota$1,808$1,828
Missouri$2,625$2,638
Mississippi$2,635$2,646
Montana$2,506$2,523
North Carolina$2,133$2,141
North Dakota$2,418$2,431
Nebraska$3,801$3,809
New Hampshire$937$948
New Jersey$1,151$1,171
New Mexico$1,820$1,829
Nevada$1,072$1,093
New York$1,305$1,340
Ohio$1,790$1,805
Oklahoma$4,356$4,442
Oregon$1,334$1,347
Pennsylvania$1,455$1,475
Rhode Island$1,489$1,505
South Carolina$2,050$2,061
South Dakota$2,593$2,607
Tennessee$2,356$2,369
Texas$2,944$2,951
Utah$1,407$1,416
Virginia$1,630$1,645
Vermont$958$974
Washington$1,247$1,260
Wisconsin$1,262$1,274
West Virginia$1,443$1,465
Wyoming$1,339$1,351
Data updated in 2024

Homeowners insurance on a $200,000 by credit rating

Your credit history affects your home insurance rates in most states. Here’s a look at homeowners insurance premiums for a $200,000 policy for scores ranging from poor to excellent credit.

Credit tier alignment level$200,000 with $1,000 deductible and $300,000 liability
Excellent$1,668
Fair$2,618
Good$2,132
Poor$3,833
Data updated in 2024

How to lower home insurance rates for a $200,000 home

To get the best price on your home insurance, shop around. Ask about homeowners insurance discounts, and consider a home and auto bundle to reduce your rates. A higher deductible is another easy way to save.

It’s vital when looking for ways to save that you don’t underinsure your home. If something goes wrong, the out-of-pocket costs will be much higher than what you would have paid in premiums.

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